Which of the Following Is Not a Characteristic of Public

question 33

Multiple Choice

Which of the following is not a characteristic of public warehousing?

• A)requires no capital investment from user
• B)user receives a regular bill for space used
• C)good for companies dealing with large volumes of inventory
• D)lack of control by user
• E)all are characteristics

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Definitions:

Direct Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the standard expected quantity.

Direct Labor Time Variance

The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate.

Direct Labor Time Variance

The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating efficiency in labor usage.